BUZZ-Truist Securities raises PT on Whitestone REIT; shares rise

Reuters

2024/11/29

** Shares of U.S. shopping center operator Whitestone REIT

up 0.7% at $15

** Truist Securities raises price target to $16 from $15, according to a note dated Nov. 27

** Co's FFO growth in 2025 could outperform 2024, driven by potentially lower interest expenses from disposition of Pillarstone assets, lower litigation costs, and solid NOI growth in 2025- Truist

** The new PT represents a 7.53% upside to the stock's last close

** Up to last close, shares up ~21% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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